• Grant of Mineral Development Licence (MDL) for Maronan Silver Project in Queensland
• Allows for boxcut and decline development to facilitate accelerated resource drill-out
• Supports fast-track timeline for project development

Maronan Metals Limited (ASX: MMA) has announced the grant of Mineral Development Licence number 2028 (MDL) for its Maronan Silver Project in north-west Queensland, representing a significant milestone in advancing the project toward development readiness. The MDL covers the Maronan deposit and proposed mine infrastructure within the Company's 100%-owned EPM 13368, following the completion of all key statutory processes, including Mining and Environmental approvals and Native Title agreements. The grant of the MDL allows for the excavation of a boxcut and development of a decline to facilitate accelerated drill-out of the Starter Zone resource to support potential future Ore Reserve estimation. It also provides project flexibility to advance potential reserve conversion through underground access, while continuing to add value through targeted surface drilling programs. The MDL application process took less than 12 months, further highlighting the project's low-permitting risk. The Company emphasises that the grant of the MDL does not represent a commitment to undertake any specific development works, nor does it imply that funding for such works has been secured.

With the MDL granted, the company will continue to progress the Maronan Silver Project towards development, including finalising the updated landholder compensation agreement, additional infill surface drilling to expand the Indicated resource base, and ongoing technical and regulatory work to support future Mining Lease and development decisions.